JOR ART

Active

Private limited companyfounded 20215 yrs activeKoningin Astridlaan 59, 1780 Wemmel, BelgiumKBO/BCE: BE 0766.998.301

The computed 12-month bankruptcy probability of JOR ART is 3.4% (moderate). The 2024 annual accounts show equity of €14k and a net result of €-8k. Equity is growing by ~36% per year across the filed fiscal years. Its solvency ranks better than 22% of 36375 sector peers (fiscal year 2024). The company has been active since 2021 and the Belgian State Gazette contains no insolvency or warning signals.

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Checked score

Score 2024

24 / 100

Critical

The score weighs solvency, liquidity, profitability and financial development. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.

Axes · tick = 2023

Profitability4▼-83

Solvency45▼-10

Growth52▼-26

Track record94

Bankruptcy probability, 12 months

3.4% Moderate

0%0.5%1.5%4%10%≥ 25%

No credit on open account

Liquidity tight (current ratio 1.07 against 1.13 in 2023; short-term debt: 79.9% and cash: 0.1% of total assets), and 79.9% of the assets are financed with debt.

How do we compute the score and the probability?

Credit advice for your own amount and term

Signals

Six signals. The signal on the left, the evidence on the right.

+raises risk○neutral

Limited track record

This company has not been active as long as an established one and statistically fails somewhat more often.

KBO · incorporation date

Age against the risk zone

Higher-failure-rate sector

In this sector companies fail more often than the Belgian average.

Gazette · bankruptcies per sector, NACE 43

Relative position

BE, all sectors

reference

Sector 43

higher

← fewer bankruptcies more bankruptcies →

Annual accounts: weaker financial profile

The latest annual accounts show a weaker profile in solvency, result or liquidity than companies that stay afloat.

NBB · annual accounts 2024

Solvency, return and age of the figures

Solvency

20.1%

Return on assets

-12.1%

Age of the figures

20 mo

Weak solvency vs sector

Solvency (equity / total assets) is in the sector's weakest quartile: better than 22% of 36375 sector peers (2024).

NBB · sector comparison

Position among 36375 sector peers

Solvency

better than 22%

← weakest strongest →

Filed after the deadline

The financial year that closed on 31-12-2024 was due by 31-07-2025 and was filed on 29-08-2025, 29 days later. For context: 47% of the Belgian market files late and the whole 1-to-90-day band measures 2.0% abnormal legal state against a 1.66% average. We show this as a fact and do not score it.

NBB · 4 filings

Deviation from the deadline

2025

not confirmed

2024

29 d late

2023

44 d late

2022

31 d early

2021

78 d late

← before the deadline after the deadline →

No strike-offs in the KBO publications

We found no ex-officio strike-off or cessation. Our series starts in 2021 and has gaps, so this is not a confirmation that there is nothing.

KBO publications · our coverage

Financials · fiscal year 2024, micro schema

Turnover

Not included in this filing

EBIT margin

Not included in this filing

Net result

€-8k

2023 · €11k

2021: €4k 2022: €6k 2023: €11k

2021 → 2024

Working capital

€4k▼ 42.4%

2023 · €7k

2021: €7k 2022: €1k 2023: €7k

2021 → 2024

Multi-year overview

Every figure with its change against the year before

▲ rise ▼ fall

Line2021202220232024Trend

Equity€5k-€12k▲ 119%€23k▲ 92.3%€14k▼ 37.6%

Operating result€5k-€8k▲ 76.4%€14k▲ 71.0%€-8k

Net result€4k-€6k▲ 74.6%€11k▲ 69.7%€-8k

Result per fiscal year

Operating resultNet result

The operating result turns negative in 2024: a loss of €8k after €14k in 2023, the lowest result in the available series.

Balance-sheet composition

2024 in colour, 2023 as the grey bar beneath

Assets €70k

14.4%

85.6%

Fixed assets €10k▼ 35.4%

Current assets €60k▲ 0.2%

Equity and liabilities €70k

20.1%

79.9%

Equity €14k▼ 37.6%

Debt €56k▲ 5.8%

The debt ratio rises from 70.1% to 79.9%. Equity is lower and debt is higher.

Key figures and ratios

2024 value · change against 2023

EBITDA

€-140▼

2023 · €21k

Cash flow

€-635▼

2023 · €18k

Solvency

20.1%▼

2023 · 29.9%

Current ratio

1.07▼

2023 · 1.13

Quick ratio

1.04▼

2023 · 1.13

Debt / equity

3.97▲

2023 · 2.34

ROE

-60.2%▼

2023 · 48.0%

ROA

-12.1%▼

2023 · 14.4%

Interest coverage

-0.64▼

2023 · 144.68

Debt

€56k▲

2023 · €53k

Debt ≤ 1 year

€56k▲

2023 · €53k

Income taxes

€279▼

2023 · €3k

Green means a favourable move, even when the figure itself falls: as with debt or debt / equity.

Filed annual accounts

As filed with the NBB · 2024 against 2023

Balance sheet Code20232024

Assets

Total assets20/58€76k€70k▼

Fixed assets21/28€16k€10k▼

Tangible fixed assets22/27€16k€10k▼

Plant, machinery and equipment23€3k€3k▼

Furniture and vehicles24€12k€7k▼

Current assets29/58€60k€60k▲

Stocks and contracts in progress3-€2k

Stocks30/36-€2k

Amounts receivable within one year40/41€59k€58k▼

Trade receivables40€52k€51k▼

Other amounts receivable41€6k€7k▲

Cash at bank and in hand54/58€668€102▼

Deferred charges and accrued income490/1€684€124▼

Equity and liabilities

Total equity and liabilities10/49€76k€70k▼

Equity10/15€23k€14k▼

Contributions10/11€2k€2k=

Profit (loss) carried forward14€21k€12k▼

Amounts payable17/49€53k€56k▲

Amounts payable within one year42/48€53k€56k▲

Trade debts44€23k€19k▼

Suppliers440/4€23k€19k▼

Taxes, remuneration and social security45€21k€21k▲

Taxes450/3€18k€18k▲

Remuneration and social security454/9€3k€3k=

Other amounts payable47/48€9k€16k▲

Income statement Code20232024

Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€7k€8k▲

Other operating charges640/8€386€570▲

Gross operating margin9900€21k€430▼

Operating profit (loss)9901€14k€-8k▼

Financial income75/76B€0€3▲

Recurring financial income75€0€3▲

Financial charges65/66B€145€219▲

Recurring financial charges65€145€219▲

Profit (loss) for the period before taxes9903€14k€-8k▼

Income taxes67/77€3k€279▼

Profit (loss) for the period9904€11k€-8k▼

Profit (loss) for the period to be appropriated9905€11k€-8k▼

Appropriation of the result

Profit (loss) to be appropriated9906€21k€12k▼

Profit (loss) brought forward from the previous period14P€10k€21k▲

The notes to these accounts (6 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.

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Timeline · acts, filings and financial milestones

All 6Financial 2Filings 4

2025

29-08

NBB filing Annual accounts filed

fiscal year 2024 · micro schema · 29 days late

2024

31-12

Financial Weakest financial yearnet €-8k ▼178%

Net result drops to €-8k, the lowest in the series.

13-09

NBB filing Annual accounts filed

fiscal year 2023 · micro schema · 44 days late

2023

31-12

Financial Highest result since 2021net €11k ▲69.7%

Operating result €14k, net result €11k, both a record.

30-06

NBB filing Annual accounts filed

fiscal year 2022 · full schema

2022

17-10

NBB filing Annual accounts filed

fiscal year 2021 · full schema · 78 days late

Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.

Directors · office · real estate

Directors

no sitting director, no change since 2025

We have established no sitting directors for this company. We derive directors from published Gazette acts; while there are none, or none read, nothing appears here. That does not mean the company has none: the CBE keeps its own list of function holders, which we do not read.

01-10-2025 Resigned as Director

Location & real-estate footprint

Registered office, Wemmel · 1 establishment unit since 2021

establishment The establishment unit on the map

Cannot be placed on the map

This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.

Koningin Astridlaan 591780 Wemmel

Ground area

7,926 m²

Building footprint

2,044 m²

Volume, LiDAR